Timber Ridge

Key facts from Timber Ridge's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (Preamble: 'the Property... shall be comp)

Legal name

Timber Ridge Homeowners Association, Inc. (Article I, Section 2: 'Association shall)

Developer / declarant

Timber Ridge Associates, a North Carolina general partnership (First page of Declaration and Protective)

Assessments & dues

Initial maximum $24.00 per lot through December 31, 1995 (Article IV, Section 3(a): 'initial maxim)

Special assessments

Allowed for capital improvements or extraordinary maintenance with 2/3 vote of each class (Article IV, Section 4)

Collections & liens

Assessment lien on lot; enforceable under NC Gen. Stat. Art. 2A of Ch. 45; personal obligation also exists (Article IV, Section 1 (lien), Section 9 )

Reserves & fees

Board may create reserve fund for periodic maintenance, repair, replacement of Common Properties improvements (Article IV, Section 5)

Parking & vehicles

Adequate off-street parking must be provided by each Owner. No truck, mobile home, recreational vehicle, tractor, commercial vehicle, trailer or camper may be stored or parked overnight unless enclosed in a garage or concealed from view. (Protective Covenants, Paragraph 14)

Architectural approval

Committee must act within 30 days of submission; failure to approve within 30 days results in deemed denial (Article V: 'within thirty (30) days afte)

Signs & flags

Prohibited unless approved by Architectural Committee or in conformity with Committee size/design/time limits and local ordinances (Protective Covenants, Paragraph 10)

Setbacks / home size

Building minimum: 30' from front street right-of-way, 8' from side lot line, 20' from rear lot line (Protective Covenants, Paragraph 11)

Use restrictions

Yes, lots may be used only for residential purposes; no business or commercial use (Protective Covenants, Paragraph 23: 'No )

Voting & meetings

Two classes: Class A (owners except Declarant) – 1 vote per lot; Class B (Declarant) – 3 votes per lot until conversion (Article III, Section 2)

Amendments

Declaration: by instrument signed by at least 66 2/3% of Lot Owners; amendments without membership approval by Declarant before first lot sale, for annexation, or to correct errors (Article X, Sections 3,4); Protective Covenants: unless ame (Declaration Article X; Protective Covena)

Amenities

Not created initially; intention not to create Common Properties, but Declarant reserves right to establish them. Association may contribute to Parkside Homeowners Association for entrance signs/areas. (Article II, Section 1; Article IV, Secti)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.